If polar bears and Snow Dogs weren’t enough to make you want to move to Alaska, consider this: You can get paid thousands of dollars a year just for living there.
Today, Oct. 2, almost every permanent resident of Alaska — even babies — will get paid $1,884 as a dividend from the state’s Alaska Permanent Fund, a government fund that invests proceeds generated from the state’s oil reserves to ensure future wealth for the state.
When the first dividend checks were issued to residents in 1980, TIME predicted that the windfall would be long-lasting:
Today the Alaska Permanent Fund is valued above $50 billion, and the dividend paid to residents this week will total $1.1 billion.
And for the individual who’s squirreled away his dividend payment each year since the program launched in 1980? He’s made a cool $37,000 just for being loyal to the state.
Read more about the origins of the Alaska Permanent Fund in TIME’s archives: Alaska Bonanza
- Here’s How Effective the Original Vaccines Are Against Omicron
- The Promise—And Possible Perils—of Editing What We Say Online
- How Trump Survived Decades of Legal Trouble: Deny, Deflect, Delay, and Don't Put Anything in Writing
- Flint Is Still Shaken by its Water Crisis—and Residents Are Experiencing Long-Term Mental-Health Issues
- A Beer Shortage Is Brewing. A Volcano Is Partly to Blame
- How Fasting Can—and Can't—Improve Gut Health
- Cities Keep Enforcing Curfews for Teens, Despite Evidence They Don't Stop Crime
- Joe Manchin’s Red Tape Reform Could Supercharge Renewable Energy in the U.S.
- Column: We Should Talk More About What a Brilliant Actor Marilyn Monroe Was